Topics and Resources for Teams 5, 6, 7 and 8

These are some of the resources you can use to investigate. Don’t be afraid of looking for more!!

GROUP 5 – LOCATING THE BUSINESS

Factors influencing start-up location decisions. The factors should include: technology, costs, infrastructure, the market and qualitative factors.

Students should understand that their relative importance may vary according to the type of business.

https://www.tutor2u.net/business/reference/business-location-introduction

https://www.entrepreneur.com/article/244866

http://businesscasestudies.co.uk/enterprise-rent-a-car/locating-a-business-to-enhance-the-customer-experience/factors-affecting-the-location-of-a-business.html

https://www.forbes.com/sites/martinzwilling/2013/12/06/startup-location-is-still-a-critical-success-factor/#b8f8d2f3f5cf

http://www.mytopbusinessideas.com/choosing-a-business-location/

http://tweakyourbiz.com/marketing/2012/12/18/10-reasons-why-small-businesses-fail/

 

GROUP 6 – EMPLOYING PEOPLE

  • Types of employees used in small businesses • using consultants and advisors. The types of employees should include: temporary, permanent, fulltime and part-time.

Students should be aware of the reasons, drawbacks and difficulties of employing people and/or using consultants and advisors.

http://webarchive.nationalarchives.gov.uk/20120823131012/http://www.businesslink.gov.uk/bdotg/action/layer?r.l1=1073858805&r.s=tl&topicId=1073859176

https://www.smallbusiness.wa.gov.au/business-advice/employing-staff/types-of-employment

https://www.smallbusiness.wa.gov.au/business-advice/employing-staff/employee-or-contractor

https://www.smallbusiness.wa.gov.au/business-advice/employing-staff/recruiting-and-managing-staff

https://www.smallbusiness.wa.gov.au/business-advice/employing-staff/ending-employment

https://www.gov.uk/browse/employing-people

http://www.businessnewsdaily.com/4610-business-consultant.html

http://www.passionforbusiness.com/articles/be-a-small-business-consultant.htm

http://smallbusiness.chron.com/differences-between-consulting-advising-42301.html

https://es.slideshare.net/awalsh8174/business-advisors-consultants-and-coaches-whats-the-difference

https://www.entrepreneur.com/topic/consultants-and-advisors

 

GROUP 7 – COSTS, REVENUES AND PROFITS

  • Fixed, variable and total costs • price, total revenue and profit.

Students should understand the relationships between cost, price, revenue and profits. Costs and revenues

http://www.smallbusinessadvice.org.uk/busplan/bpdownloads.asp

http://www.smallbusinessadvice.org.uk/busplan/suplan.asp

http://webarchive.nationalarchives.gov.uk/20120823131012/http://www.businesslink.gov.uk/bdotg/action/layer?r.l1=1073858790&r.s=tl&topicId=1073858944

http://www.investopedia.com/video/play/fixed-costs/

http://www.investopedia.com/video/play/variable-costs/

http://www.investopedia.com/video/play/cost-revenue/

http://www.investopedia.com/video/play/direct-cost/

http://www.investopedia.com/video/play/production-cost/

http://study.com/academy/lesson/total-revenue-in-economics-definition-formula.html

http://www.economicsonline.co.uk/Business_economics/Revenue_theory.html

http://www.investopedia.com/terms/r/revenue.asp

http://www.investopedia.com/terms/o/operating-revenue.asp

https://www.quora.com/How-do-businesses-make-profit

 

GROUP 8 – RAISING FINANCE

  • Sources of finance available to start businesses. Sources of finance should include: ordinary share capital, loan capital (bank loans, overdrafts), venture capital and personal sources.

Students should be aware of the advantages and disadvantages of these in specific contexts.

https://www.tutor2u.net/business/reference/sources-of-finance-for-a-startup-or-small-business

https://www.tutor2u.net/business/reference/sources-of-finance-bank-overdrafts-and-bank-loans

https://www.tutor2u.net/business/reference/sources-of-finance-hire-purchase-and-leasing

https://www.tutor2u.net/business/reference/sources-of-finance-trade-creditors

https://www.reference.com/business-finance/ordinary-share-capital-e70f42a13ead5cf0

http://www.investopedia.com/ask/answers/043015/what-difference-between-preference-and-ordinary-shares.asp

https://en.wikipedia.org/wiki/Venture_capital

https://www.quora.com/What-is-a-good-resource-for-VC-practice-case-studies

https://www.entrepreneur.com/article/230526

https://hbr.org/1998/11/how-venture-capital-works

https://guykawasaki.com/how_to_get_the_/

https://en.wikipedia.org/wiki/Venture_capital_financing

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